MMM vs VIG: Correlation
Measured on weekly returns over the past three years, 3M (MMM) and Vanguard Dividend Appreciation ETF (VIG) carry a correlation of 0.57, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MMM and VIG?
On 3 years of weekly data the MMM/VIG correlation comes out at 0.57, moderate. Little has changed lately, as the 1-year reading of 0.64 lands near the 3-year figure. The 5-year figure is 0.62, and annualized covariance runs at 200.8 %².
Within MMM's tracked universe of 34 assets, VIG comes in at #8 by 3-year correlation. Twelve-month performance is nearly a tie, at +16.4% for MMM and +17.1% for VIG. Across three years, the rolling one-year figure varied moderately, from 0.29 to 0.78. One caveat on sizing: MMM is 2.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
MMM vs VIG: side by side
| MMM (3M) | VIG (Vanguard Dividend Appreciation ETF) | |
|---|---|---|
| 1-year return | +16.4% | +17.1% |
| 5-year return | +29.9% | +64.0% |
| Volatility (ann.) | 29.8% | 11.9% |
| Beta vs S&P 500 | 0.89 | 0.74 |
| Max drawdown (3Y) | -20.7% | -15.0% |
| Market cap | $92.2B | – |
| P/E (trailing) | 31.9 | – |
| Dividend yield | 1.68% | 1.50% |
| Expense ratio | – | 0.04% |
| Assets under management | – | $130.9B |
| Sector / category | Industrials | ETF · Dividend |
VIG, Vanguard's Large Blend fund, carries $130.9B under management, 333 holdings, a 0.04% expense ratio, a 1.50% trailing dividend yield.
Year-by-year returns
| Year | MMM | VIG |
|---|---|---|
| 2022 | -29.6% | -9.8% |
| 2023 | -3.3% | +14.5% |
| 2024 | +46.1% | +17.0% |
| 2025 | +26.4% | +14.2% |
| 2026 | +13.3% | +11.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MMM and VIG good diversifiers for each other?
To a limited degree. At 0.57 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between MMM and VIG?
The MMM/VIG correlation stands at 0.57 on a 3-year window (1 year: 0.64, 5 years: 0.62), computed from weekly returns as of 2026-08-27.
Is VIG a good diversifier for MMM?
To a limited degree. At 0.57 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.57 mean?
A reading of 0.57 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mmm-vs-vig.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mmm-vs-vig/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MMM correlations · VIG correlations
